79,898 Shares in VAALCO Energy, Inc. (NYSE:EGY) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in VAALCO Energy, Inc. (NYSE:EGY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 79,898 shares of the energy company's stock, valued at approximately $349,000. Dynamic Technology Lab Private Ltd owned about 0.08% of VAALCO Energy at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN increased its stake in VAALCO Energy by 7.4% in the 4th quarter. Wells Fargo & Company MN now owns 67,550 shares of the energy company's stock worth $295,000 after buying an additional 4,638 shares during the period. Foundry Partners LLC grew its position in shares of VAALCO Energy by 10.8% in the 4th quarter. Foundry Partners LLC now owns 1,330,413 shares of the energy company's stock worth $5,814,000 after buying an additional 129,939 shares during the last quarter. Geode Capital Management LLC increased its position in shares of VAALCO Energy by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company's stock worth $10,972,000 after purchasing an additional 16,473 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in VAALCO Energy by 13.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 351,550 shares of the energy company's stock valued at $1,536,000 after buying an additional 40,720 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in VAALCO Energy during the 4th quarter valued at approximately $38,000. 50.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of VAALCO Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th.

Insider Transactions at VAALCO Energy

In other news, COO Thor Pruckl sold 10,169 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the sale, the chief operating officer now owns 174,992 shares in the company, valued at approximately $691,218.40. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company's stock.

VAALCO Energy Trading Down 1.1 %

VAALCO Energy stock traded down $0.04 during trading on Tuesday, hitting $3.28. The company had a trading volume of 217,066 shares, compared to its average volume of 962,149. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The stock has a market cap of $340.59 million, a price-to-earnings ratio of 3.85 and a beta of 0.75. The company's 50 day simple moving average is $3.90 and its 200-day simple moving average is $4.64. VAALCO Energy, Inc. has a 1-year low of $3.00 and a 1-year high of $7.43.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $121.72 million for the quarter, compared to analysts' expectations of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. As a group, analysts expect that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy's dividend payout ratio is currently 45.45%.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.